China’s industrial production and retail sales accelerated in October, bolstering forecasts for economic growth to exceed 10% this quarter for the first time in more than a year, reports Bloomberg. Production rose 16.1% from a year earlier, the most since March 2008, while retail sales gained an annual 16.2% in October, and urban fixed-asset investment climbed 33.1% in the first 10 months of this year, according to official figures.

This entry was posted by Gwen Robinson on Wednesday, November 11th, 2009 at 4:43 and is filed under Capital markets. Tagged with china. Edit this entry.